Category: Residential Mortgages
The product is aimed at helping during these unprecedented times according to the Buckinghamshire.
The FCA currently places a heavy emphasis on treating vulnerable customers fairly and is currently in a consultation period about further guidance for firms.
Those moving within London and the South East are currently seeing the largest financial incentive to ensure they move before the stamp duty holiday ends.
Demand was found to be 39% above the same period last year, and the uptick in buyers has released more stock into the market.
The society has launched a scheme where a prospective first-time buyer will be provided with a newly refurbished property for a maximum of three years before being helped to raise the deposit for a mortgage.
The Society of Mortgage Professionals launched Associate Firm status last month.
Alongside the rise in rates, the number of mortgage products on the market at the higher LTV margins has reduced significantly.
The government will need to recoup some of its expenditure on the furlough scheme and stamp duty holiday through taxation, it was revealed on a Mortgage Introducer Webinar.